Noah Coin: A Decentralized Nation on the Blockchain

What is Noah Coin

Friends, imagine a digital world that’s not just a game, but a true “decentralized nation” with its own economic system, governance rules, and even its own “citizens” and “land”—sounds pretty cool, right? Noah Coin (project abbreviation: NOAHP) is the “official currency” of this digital nation—“Noah DeFi City.”

Simply put, Noah DeFi City is a decentralized nation built on blockchain, aiming to redefine our understanding of the concept of “nation.” In this digital country, holders of Noah Coin (NOAHP) are its “citizens.” These citizens enjoy special privileges, such as sharing the nation’s income, paying no taxes, and accessing various decentralized finance (DeFi) services. Just like currency in the real world, Noah Coin (NOAHP) is the foundation for all activities in this digital world.

The project’s original “Noah Project” launched in 2016, initially focusing on using blockchain technology to facilitate trade and market development between Japan and the Philippines, such as providing more convenient cross-border remittance and payment services, and even planning to build a physical crypto hub called “Noah City” and a “Noah Resort” in the Philippines. Later, in September 2019, the old NOAH token was swapped for the current NOAHP, and the project evolved into the grander vision of “Noah DeFi City.” Noah DeFi City was officially established on November 2, 2019, and it has its own blockchain—the Noah Blockchain.

In this digital nation, you can use NOAHP to purchase or upgrade your “citizenship,” participate in national voting and staking activities, even become a network validator or delegator, pay transaction fees on the Noah Blockchain, and obtain special “land shares.” Staking means locking your tokens in the network to support its operation and earn rewards. Validators and delegators are key roles in maintaining the security and operation of the blockchain network.

Project Vision and Value Proposition

The core vision of the Noah Coin project is to build a brand-new, decentralized “digital nation,” challenging the traditional nation-state model. It hopes to use blockchain technology to provide all citizens with an environment free from tax burdens, where they can share national income and freely use decentralized financial services, thus achieving true financial freedom. Imagine a society governed collectively by community members, with future directions decided by voting—this is the direct democracy Noah DeFi City pursues.

In its early days, the Noah project also carried the mission of solving real-world problems, such as reducing cross-border remittance costs through blockchain technology, bridging the economic gap between Japan and the Philippines, and providing inclusive financial services for those disadvantaged in traditional financial systems. This evolution from solving specific financial pain points to building a grand digital nation reflects the team’s ongoing exploration of blockchain’s potential and pursuit of social equity.

Technical Features

Noah Coin (NOAHP) runs on its own dedicated blockchain, called the “Noah Blockchain.” This blockchain uses a consensus mechanism called “Delegated-Proof-of-Stake” (DPoS). Simply put, DPoS is like a democratic election system, where token holders vote to elect representatives (“delegators” or “validators”) to package transactions and maintain network security. The advantage is that, compared to traditional “Proof-of-Work” (like Bitcoin), DPoS can usually process more transactions, is faster, and more energy-efficient.

This consensus mechanism also ensures that the governance process of Noah DeFi City is transparent, with all citizen votes clearly recorded and verified. Notably, before NOAHP, the early Noah Coin (NOAH) was issued as a token on the Ethereum blockchain. This means the project evolved from relying on an existing public chain to having its own independent blockchain, demonstrating its commitment to technical development.

Tokenomics

Noah Coin’s token symbol is NOAHP. Its total supply is set at 216 billion NOAHP, which is also its maximum supply. As of now, the circulating supply of NOAHP is around 114 billion to 131 billion, with the exact number subject to fluctuation.

NOAHP plays multiple roles in the Noah DeFi City ecosystem:

• Citizenship and Privileges: You can use NOAHP to purchase or upgrade your “Noah citizenship,” gaining various privileges in the digital nation.
• Governance Participation: As a citizen, you can use NOAHP to participate in Noah DeFi City’s voting system, deciding the nation’s future direction and major decisions.
• Network Maintenance: You can stake NOAHP to become a network delegator or validator, helping maintain the security and stable operation of the Noah Blockchain, and earn rewards.
• Fee Payment: When transacting or performing other operations on the Noah Blockchain, NOAHP can be used to pay transaction fees.
• Digital Assets: You can also use NOAHP to obtain special “land shares,” which can be understood as virtual real estate in the digital world.

NOAHP can be traded on multiple cryptocurrency exchanges, including BTCNEXT, Uniswap, Cointiger, Coinsbit, 1inch, SushiSwap, and Mooniswap. The early NOAH token also circulated on exchanges like HitBTC and Changelly.

Team, Governance, and Funding

The technical support and ecosystem development behind the Noah Coin project are mainly provided by Platinum Software Development Company. The founder of this company is Anton Dziatkovskiy, a blockchain architect and business leader with over 13 years of experience in fintech, retail, and e-commerce.

In terms of governance, Noah DeFi City is designed to be fully controlled by its citizens. Citizens decide the digital nation’s future through a voting system, which can be operated via the Noah Custodian Wallet, realizing a direct democracy governance model. This means major project decisions are not made by a few, but by all NOAHP holders together.

Although early materials mentioned a non-profit organization called the “Noah Foundation,” currently, detailed information about Noah DeFi City’s funding operations and treasury is rarely disclosed in public sources. A healthy blockchain project typically has a transparent fund management mechanism to support its long-term development.

Roadmap

Noah Coin’s development history can be traced through several key milestones:

• 2016: “Noah Project” launched, initially focused on Japan-Philippines trade and payment solutions.
• 2018: Noah Coin launched for the first time.
• September 2019: Old NOAH token swapped for NOAHP.
• November 2, 2019: “Noah DeFi City” established at the first Noah holders’ conference, marking the project’s entry into the new phase of building a decentralized nation.
• 2020-2022 (Early Planning): There were plans to build a physical “Noah City” crypto hub in Manila Bay, Philippines.
• Ongoing Development: The project is currently still under continuous development.

Future specific plans, especially a detailed roadmap for Noah DeFi City, are not clearly listed with a timeline in available public sources. Typically, an active blockchain project will regularly publish its development progress and future plans to maintain community transparency and engagement.

Common Risk Reminders

Investing in any cryptocurrency project comes with risks, and Noah Coin is no exception. Here are some common risk reminders:

• Market Volatility Risk: The cryptocurrency market is known for its dramatic price swings. NOAHP’s price may rise or fall sharply in a short period, which could result in loss of principal.
• Technical and Security Risk: Although the Noah Blockchain uses the DPoS consensus mechanism, any blockchain project may face technical vulnerabilities, smart contract risks, or network attacks. Additionally, if project development does not meet expectations, it may affect its value.
• Economic Model Risk: Whether the project’s economic model (token issuance, distribution, burn mechanisms, etc.) can operate stably in the long term and support ecosystem development is something to watch closely.
• Compliance and Operational Risk: Regulatory policies for cryptocurrencies worldwide are still evolving, and future policy changes may impact the project’s operations and token circulation. The effectiveness of the project’s operating team and governance mechanism is also crucial.
• Information Asymmetry Risk: There are multiple projects named “Noah Coin” or “NOAH” in the market, which may cause information confusion. Investors need to carefully identify and ensure they understand which specific project they are investing in.

Please remember, no one can accurately predict the value of Noah Coin in five years. Its price will be affected by many factors, including macroeconomic policies, government regulation, technological progress, market sentiment, and the project’s own ecosystem development and token circulation. The above information is not investment advice. Please conduct thorough independent research (DYOR) and take responsibility for your own investment decisions.

Verification Checklist

• Block Explorer Contract Address: CoinMarketCap lists a contract address:
  0x41b3...1eAa9F
  . Note that this may be an old NOAH token or its compatible version on Ethereum. Since NOAHP claims to run on its own “Noah Blockchain,” further research is needed to find its native blockchain explorer and related contract information.
• GitHub Activity: Public search results did not find an official GitHub repository or activity information for the Noah Coin (NOAHP) project. An active open-source project usually showcases its codebase and development progress on GitHub; lack of such information may indicate non-transparent development or low community engagement.
• Official Website:
  noahcoin.org
• Whitepaper: CoinMarketCap and CoinPaprika both mention a whitepaper but do not provide a direct accessible link. It is recommended to visit the official website
  noahcoin.org
  to find the latest whitepaper or project documentation.

Project Summary

Noah Coin (NOAHP) is an ambitious blockchain project that evolved from the original “Noah Project” focused on Japan-Philippines trade and payments, and now aims to build a decentralized digital nation called “Noah DeFi City.” This digital nation has its own Noah Blockchain and DPoS consensus mechanism, designed to provide citizens with a tax-free, income-sharing, and governance-participatory financial freedom experience. The NOAHP token is the core of this ecosystem, used for citizenship, governance voting, network staking, and fee payments.

The project’s vision is grand, seeking to redefine the concept of “nation” through technological innovation and empower citizens. However, like all emerging blockchain projects, Noah Coin faces risks such as market volatility, technical challenges, and regulatory uncertainty. Although the project team and governance structure have been disclosed, public information about its funding operations and detailed technical implementation (such as GitHub activity) is relatively limited.

For those interested in decentralized governance and the concept of digital nations, Noah Coin offers a unique perspective. But always remember, cryptocurrency investment is highly risky—be sure to conduct in-depth research and risk assessment before making any investment decisions. For more details, please research through official channels yourself.